Saxo Bank
Rakuten Securities
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Higher Rated
Saxo Bank
Capital at risk · T&Cs apply
Choosing between Saxo Bank and Rakuten Securities depends on your trading style, preferred markets, and budget. Saxo Bank is headquartered in Copenhagen, Denmark, while Rakuten Securities operates from Tokyo, Japan. Saxo Bank has the longer track record, established in 1992, compared to Rakuten Securities which was founded in 1999. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
Saxo Bank
Rakuten Securities
| Saxo Bank | Rakuten Securities | |
|---|---|---|
| BrokerRank Score | 4.0/5 ✓ | 3.4/5 |
| Min. Deposit | $2000 | $0 ✓ |
| Spread from | 0.4 pips | 0 pips ✓ |
| Max Leverage | 1:200 ✓ | 1:3 |
| Regulation | FCA, MAS, ASIC ✓ | FSA |
| Platforms | Proprietary Web, Proprietary Mobile | Proprietary Web, Proprietary Mobile, MarketSpeed II |
Saxo Bank is the better choice overall, scoring 4.0/5 vs 3.4/5 on BrokerRank's independent rating. On fees, Rakuten Securities offers lower spreads (0 pips).
See full side-by-side comparison belowSaxo Bank
Rakuten Securities
WinnerSaxo Bank
Rakuten Securities
Lower feesSaxo Bank holds licences from FCA, MAS, ASIC. Rakuten Securities is regulated by FSA.
Both brokers offer access to Stocks, Forex, Indices markets. Saxo Bank additionally covers Cfd, Commodities. Rakuten Securities adds Etf, Crypto.
On spreads, Rakuten Securities is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.4 pips at Saxo Bank.
Saxo Bank supports Proprietary Web, Proprietary Mobile. Rakuten Securities offers Proprietary Web, Proprietary Mobile, MarketSpeed II. Both brokers are available on Proprietary Web, Proprietary Mobile.
Saxo Bank requires a minimum deposit of $2,000, while Rakuten Securities sets no minimum deposit. This makes Rakuten Securities accessible to traders with any budget.
BrokerRank scores Saxo Bank at 4.00/5 and Rakuten Securities at 3.42/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Saxo Bank leads overall with a clear advantage.
Saxo Bank
4.0/5
Choose Saxo Bank if you want…
Rakuten Securities
3.4/5
Choose Rakuten Securities if you want…
Saxo Bank scores higher overall on our independent rating system. Saxo Bank holds a 4.0/5 rating vs Rakuten Securities's 3.4/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
Saxo Bank offers spreads from 0.4 pips, while Rakuten Securities starts at 0 pips. Check the fees section above for a full breakdown.
Saxo Bank requires a minimum deposit of $2000. Rakuten Securities requires $0.
Saxo Bank is regulated by FCA, MAS, ASIC, while Rakuten Securities holds licences from FSA.
Saxo Bank supports Proprietary Web, Proprietary Mobile. Rakuten Securities supports Proprietary Web, Proprietary Mobile, MarketSpeed II.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.